How China Became the Ultimate Swing Oil Buyer
Market Intelligence Analysis
AI-Powered 50% FREE-ANALYSIS-RULE-BASED-ANALYSISAnalysis of stock market developments showing neutral sentiment.
Article Context
Five months of mostly closed Strait of Hormuz have not sent oil prices spiking to $150 or $200 per barrel, as many analysts had warned in March. Even as more than 10% of global crude oil supply suddenly disappeared from the market, oil didn’t hit record high levels. Crude oil prices haven’t even stayed permanently above $100 per barrel. Three key drivers have kept oil prices from surging to never-before-seen highs. First, governments started tapping strategic reserves, including as part of the IEA-coordinated 400-million-barrel stocks…
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Analysis of stock market developments showing neutral sentiment.
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